Camping World $CWH Holdings Reduced by Millennium Management LLC

Key Points

• Millennium Management LLC reduced its stake in Camping World by 1.5% in Q1, selling 25,560 shares and retaining approximately 1.68% of the company, valued at $27.7 million.
• Camping World reported an earnings miss with $0.57 EPS against an expectation of $0.58, despite experiencing a 9.4% year-over-year revenue increase to $1.98 billion.
• The company announced a quarterly dividend of $0.125 per share, with a payout ratio currently at -250%, indicating a significant loss relative to earnings.

Millennium Management LLC cut its holdings in Camping World (NYSE:CWH - Free Report) by 1.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,714,155 shares of the company's stock after selling 25,560 shares during the period. Millennium Management LLC owned 1.68% of Camping World worth $27,701,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Camping World by 6,485.8% in the first quarter. GAMMA Investing LLC now owns 15,740 shares of the company's stock valued at $254,000 after acquiring an additional 15,501 shares during the last quarter. Jump Financial LLC lifted its stake in Camping World by 210.1% during the first quarter. Jump Financial LLC now owns 217,090 shares of the company's stock worth $3,508,000 after purchasing an additional 147,075 shares in the last quarter. Wellington Management Group LLP lifted its stake in Camping World by 83.0% during the fourth quarter. Wellington Management Group LLP now owns 194,780 shares of the company's stock worth $4,106,000 after purchasing an additional 88,337 shares in the last quarter. Deutsche Bank AG lifted its stake in Camping World by 24.4% during the first quarter. Deutsche Bank AG now owns 593,059 shares of the company's stock worth $9,584,000 after purchasing an additional 116,292 shares in the last quarter. Finally, GW&K Investment Management LLC acquired a new position in Camping World during the first quarter worth $1,831,000. 52.54% of the stock is currently owned by institutional investors and hedge funds.

Camping World Trading Up 2.3%

Shares of NYSE CWH traded up $0.39 during trading on Monday, hitting $17.07. 1,910,919 shares of the company traded hands, compared to its average volume of 2,197,685. Camping World has a 1 year low of $11.17 and a 1 year high of $25.97. The company has a 50-day moving average price of $17.11 and a 200-day moving average price of $16.43. The firm has a market capitalization of $1.74 billion, a P/E ratio of -85.35 and a beta of 1.92. The company has a quick ratio of 0.24, a current ratio of 1.26 and a debt-to-equity ratio of 3.12.

Camping World (NYSE:CWH - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). Camping World had a negative return on equity of 2.81% and a negative net margin of 0.13%.The business had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same period last year, the company posted $0.38 earnings per share. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts predict that Camping World will post -0.66 EPS for the current year.

Camping World Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, September 15th. Camping World's dividend payout ratio is -250.00%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup restated a "buy" rating and set a $23.00 price target (up from $21.00) on shares of Camping World in a research note on Monday, June 16th. Truist Financial boosted their target price on Camping World from $16.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. KeyCorp increased their target price on Camping World from $18.00 to $21.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Raymond James Financial dropped their target price on Camping World from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Finally, Zacks Research upgraded shares of Camping World from a "strong sell" rating to a "hold" rating in a research note on Friday, September 5th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $21.78.

Camping World Profile

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.